Bunge will pay the equivalent of $56 for each share of Westchester, Illinois-based Corn Products, Bunge said today in a statement. That's 31 percent more than Corn Products' closing share price of $42.90 on June 20.

Bunge Chief Executive Officer Alberto Weisser will gain control of refining operations that sell high-fructose corn syrup and food additives to customers including Coca-Cola Co. and PepsiCo Inc. Bunge, founded 190 years ago, buys grains from farmers across North America, South America and Europe....MORE